Port Madison Yacht Club Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 910815267 ✦ Bainbridge island, WA ✦ Designated as a 501(c)(7)

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Overview

What is Port Madison Yacht Club Inc?

Port Madison Yacht Club Inc, located in Bainbridge Island, Washington, serves as a nonprofit organization primarily focused on providing sailing-related education, recreation, and social activities for its members. The club manages the maintenance and associated costs of its clubhouse, property, docks, and moorage facilities, ensuring they are available for member activities and services. The club's mission encompasses these sailing-centered services, fostering an engaging and enjoyable environment for its members.


Official website here: www.portmadisonyc.org

Is Port Madison Yacht Club Inc legitimate?

Port Madison Yacht Club Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Port Madison Yacht Club Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.portmadisonyc.org

What is the mission statement of Port Madison Yacht Club Inc?

The Port Madison Yacht Club Inc's mission is centered around providing educational, recreational, and social sailing services and activities. This mission is reflected in the various activities and services they offer to their members. The club's activities are primarily funded through managing and covering the maintenance and ownership costs associated with their clubhouse, property, docks, and moorage facilities, all of which are utilized for member activities and services.


Official website here: www.portmadisonyc.org

Who is the CEO of Port Madison Yacht Club Inc?

Jay Brown is the Commodore of Port Madison Yacht Club Inc.


Official website here: www.portmadisonyc.org

What is the revenue of Port Madison Yacht Club Inc?

Port Madison Yacht Club Inc's revenue in 2022 was $220,650.


Official website here: www.portmadisonyc.org

Who are the executives of Port Madison Yacht Club Inc and what are their salaries?


Here are 13 key members and their salaries:


Don Heppenstall (Board Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Bickford (Board Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Lynch (Board Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Teri Bellamy (Board Member At Large)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Sydor (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Walker (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lindsey Lind (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Haley Lhamon (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Kaseler (Honorary Life Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Belt (Rear Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Brown (Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brook Stockton (Vice Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Kaseler (Honorary Life Commodore)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.portmadisonyc.org

Where can I find the form 990 for Port Madison Yacht Club Inc?

Port Madison Yacht Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.portmadisonyc.org

Learn more at the official website: www.portmadisonyc.org

Mission Statement of Port Madison Yacht Club Inc

Port Madison Yacht Club Inc is dedicated to providing educational, recreational, and social sailing services and activities. Their mission is centered around maintaining and managing the costs associated with their clubhouse and property, which includes docks and moorage facilities, all intended for member activities and services. This nonprofit organization focuses on creating an environment where members can engage in sailing activities, learn new skills, and socialize.

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Impact




October, 2024

Port Madison Yacht Club Inc plays a vital role in fostering community engagement and promoting sailing education and recreational activities. By maintaining a clubhouse and associated facilities, including docks and moorage, the club provides an essential space for members to engage in social sailing services and activities. This contributes to the local culture of Bainbridge Island, enriching the community's recreational landscape and encouraging outdoor activities.

Through its focus on education and social experiences related to sailing, the club empowers members with skills and knowledge, enhancing their appreciation for maritime activities. Furthermore, by offering structured programs and a supportive environment, Port Madison Yacht Club Inc helps individuals of all ages and skill levels connect with each other, fostering friendships and community bonds that extend beyond the water. Overall, the club significantly enriches the local community by promoting the joys of sailing and enhancing recreational opportunities on Bainbridge Island.




This information is meant to be a general summary of Port Madison Yacht Club Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$220,650 (2022)
Expenses
$158,534 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $719
  • Program Service Revenue: $162,611
  • Gross Receipts: $220,650

Assets and Liabilities:

  • Total Assets: $737,574
  • Total Liabilities: $0
  • Net Assets: $737,574

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MOORAGE & FEES

Revenue

$115,701

BOAT RENTAL & RACE FEES

Revenue

$28,690

SAILING CLASSES

Revenue

$11,500

SOCIAL EVENTS

Revenue

$6,720

Organization Details

Founding Year

1956

Principal Officer

Jay Brown

Main Address

PO BOX 10002, BAINBRIDGE ISLAND, WA, 98110

NTEE Category

Code: N50 - Recreation

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